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Coming up this evening at 9 p.m., "Piers Morgan Tonight" welcomes the CEO of Panasonic North America Joe Taylor to the studio in London. Panasonic North America is entering its 25th year as a proud sponsor of the Olympic games.
Among the topics of discussion is the issue of American companies sending manufacturing jobs outside of the United States. "I don’t think there’s a very simple answer for all of it," Taylor says. "I would tell you that in the 80s through the early 90s, we had 24 manufacturing sites in North America and we’ve reduced that by 80 percent today because of competitive pressures around the world."
Taylor goes on to talk about the U.S. decline in "foreign and direct investment" over the years, noting "ten years ago, the United States attracted 40 percent of all foreign, direct investments, globally. Last year, 17 percent. It means the United States has become a less attractive place for companies around the world to move their manufacturing."
Watch the clip, and listen to the interview, then tune in tonight as Morgan talks technology and NBC's time-delay with the Panasonic executive.